Kucoin Review – Good for Altcoins or Scam?

Kucoin Overview

Kucoin was launched by Johnny Lyu in 2017. The crypto exchange quickly became one of the largest global players, with over 50 million users as of 2024. Kucoin is also known as an altcoin gem exchange because it quickly lists new cryptocurrencies. Currently, Kucoin headquarters are located in Seychelles.

In this Kucoin review, we will show you everything you need to know, like features, trading options, supported assets, fees, security, customer support, and more.

 

Kucoin Pros & Cons

✅ Kucoin Pros	❌ Kucoin Cons
Excellent altcoin exchange	Not available in the US
800+ supported cryptos	High fees for exotic coins
125x leverage	Not the best customer support
Very user-friendly

 

Visit Kucoin!

 

 

Kucoin Products & Services

Kucoin is one of the largest crypto exchanges with tons of products and features. Traders can access spot and futures trading for over 700 assets. For experienced crypto futures traders, Kucoin offers up to 125x leverage.

What makes Kucoin stand out most is its spot trading market, where crypto enthusiasts can access over 700 cryptocurrencies. Kucoin is considered an “altcoin gem” exchange because it often lists new, shiny cryptos that are not listed on any other exchange yet. This can give early buyers a huge advantage.

Another great feature of Kucoin is automated bot trading, which allows you to automate your trading based on customer parameters.

Other passive income ways on Kucoin are staking, savings, earn, and liquidity providing. For new users, Kucoin even offers a $500 bonus.

If you don’t own cryptos yet, you can easily deposit funds on Kucoin using your credit/debit card or bank transfer. Over 20 fiat currencies are supported for instant purchases. For selected currencies such as Euros, users can even deposit fiat using SEPA transfer.

For mobile users, Kucoin offers an app. The app is available for Android and iOS phones with a 4.3/5 star rating. After testing over 50 crypto exchange apps, we consider the Kucoin app to be an average option for traders looking to trade on the go. It has many options, but there are better apps available.

 

Kucoin Trading Features

Spot Trading

Kucoin offers spot trading for over 700 different coins. This makes Kucoin one of the best places to find new crypto exchanges that are still under the radar of the masses. Overall, Kucoin is very well-designed and user-friendly. With integrated real-time TradingView charts, you can do your analysis directly on Kucoin.

 

Futures Trading

Kucoin offers a high-performance derivatives trading platform with futures contracts trading for over 210 different cryptos. The maximum leverage is 125x on selected assets such as Bitcoin or Ethereum. While the Kucoin futures market has all the basic features you require, experienced traders may lack advanced order types and sufficient liquidity.

 

Bot Trading

Kucoin offers crypto grid bot trading for the spot and futures market. You can create custom bots with just a few clicks. This can be a great option to generate passive income on the side.

 

Kucoin Fees & Costs

Spot Trading Fees

What we don’t like about Kucoin is its spot trading fee structure. Kucoin differentiates between Class A (Top Cryptocurrencies), Class B, and Class C cryptos. Less-known cryptos have higher fees.

Kucoin default spot trading fees for Class A tokens start at 0.1% maker and 0.1% taker. With the native Kucoin Token (KCS), you can unlock additional fee discounts of 20%.

 

Class B cryptos have 0.2% maker and taker fees.

Class C cryptos have 0.3% maker and taker fees.

 

Futures Trading Fees

Kucoin futures trading fees start at 0.02% maker and 0.05% taker. Based on your monthly trading volume, you can reduce your Kucoin trading fees to as low as -0.01% maker and 0.03% taker when reaching the VIP 12 level.

The KCS token does not unlock fee discounts on the futures market.

 

Visit Kucoin!

 

Kucoin Deposits & Withdrawals

Deposits

Kucoin supports multiple networks for crypto deposits without fees.

For fiat deposits, Kucoin supports multiple fiat currencies, including EUR, RUB, BRL, TRY, UAH, and KZT, through multiple payment methods:

• Credit/Debit card
• Bank transfer
• Third-party payments
• Google and Apple Pay
• Advcash
• P2P Trading

Fiat deposit fees range from 1% to 3% based on your fiat currency and payment method.

 

Withdrawals

The Kucoin crypto withdrawal fees are dynamic and are based on the respective network capacity. Some cheap options are TRC20 and BEP20, which cost around $1 per transaction.

Kucoin supports multiple networks for crypto withdrawals, including:

• TRC20
• BEP20
• ERC20
• TIA
• SOL
• DYM

For fiat withdrawals, Kucoin supports 6 fiat currencies, including EUR, RUB, BRL, TRY, UAH, and KZT, through bank transfers.

 

Kucoin Customer Support

Kucoin offers 24/7 live customer support via live chat. The average response time is 3 minutes. Overall, Kucoin staff seems to be knowledgeable and helpful.

Additionally, Kucoin offers email support and a comprehensive help center with tons of articles and guides.

 

Kucoin Security

Kucoin stores customer funds in multisig cold storage wallets. While we consider Kucoin to be a secure crypto exchange, we advise you to store your cryptos in a personal wallet.

Additionally, Kucoin provides proof of reserves, meaning that all customer assets are backed by Kucoin with at least 100%.

You can also add additional security features to safeguard your account:

• Two factor authentication
• Email and phone verification
• Trading password
• Anti phishing code
• Withdrawal password

 

Kucoin Signup & KYC

Kucoin requires KYC verification. Without KYC verification, you can not use Kucoin. In order to verify your identity, you must submit personal details:

• Personal Details
• Government-issued ID
• Selfie
• Proof of address

Higher KYC levels unlock higher withdrawal limits on Kucoin.

 

Kucoin Review Summary

Kucoin is one of the best crypto platforms for buying altcoins on the spot market. The exchange offers over 700 different cryptocurrencies. Additionally, Kucoin offers futures trading with low fees and leverage of up to 125x with a user-friendly interface.

The 24/7 live chat support is reliable and quickly assists when encountering an issue. Overall, we consider Kucoin to be a top choice for crypto traders.

 

Visit Kucoin!

 

FAQ

Is Kucoin legit?

Yes, Kucoin is a legitimate crypto exchange with over 30 million users.

 

Does Kucoin require KYC?

Yes, Kucoin requires KYC verification. Without identification, you can not use Kucoin.

 

Is Kucoin available in the US?

No, Kucoin is not available to US citizens due to regulatory issues.

 

What are Kucoin fees?

Kucoin spot fees are 0.1% for makers and 0.1% for takers. Kucoin futures fees are 0.02% maker and 0.06% taker. You can also hold the KCS token for a 25% fee discount.